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<p>[QUOTE="-jeffB, post: 3877605, member: 27832"]Hmm.</p><p><br /></p><p>6 months expenses in cash -- that's supposed to <i>include</i> mortgage payments, isn't it?</p><p><br /></p><p>The problem with any PM as an emergency stash is that <i>you don't get to time your emergency to the markets</i>. If I'd needed to cash in my silver at the beginning of 2019, I would've been selling at a bottom. If you <i>haven't</i> been accumulating silver at a sharp discount (FV or free), that means you take a bath. And if the path to the bottom has been steep enough, you'll have a hard time finding buyers at a reasonable price.</p><p><br /></p><p>I took some 90% to sell at the local show this weekend. With melt currently at 12.28x FV, the best offer I got was 11.5x FV; most dealers didn't really want to buy, and would offer only 10x FV. But if I'd <i>needed</i> to convert a lot of silver to cash in a hurry, I would've had no choice. At a storefront, I would've gotten even less.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3877605, member: 27832"]Hmm. 6 months expenses in cash -- that's supposed to [I]include[/I] mortgage payments, isn't it? The problem with any PM as an emergency stash is that [I]you don't get to time your emergency to the markets[/I]. If I'd needed to cash in my silver at the beginning of 2019, I would've been selling at a bottom. If you [I]haven't[/I] been accumulating silver at a sharp discount (FV or free), that means you take a bath. And if the path to the bottom has been steep enough, you'll have a hard time finding buyers at a reasonable price. I took some 90% to sell at the local show this weekend. With melt currently at 12.28x FV, the best offer I got was 11.5x FV; most dealers didn't really want to buy, and would offer only 10x FV. But if I'd [I]needed[/I] to convert a lot of silver to cash in a hurry, I would've had no choice. At a storefront, I would've gotten even less.[/QUOTE]
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